Too many are getting goodies from the sweat of others and over half don't pay federal income taxes at all.They forgot what made them great. If they can remember who they are and what they once stood for, I believe they can turn it around again.
But they are going to have to elect a president who will do what's necessary to get the budget in line with reality again, and a Congress and Senate that will support her..
Too many are getting goodies from the sweat of others and over half don't pay federal income taxes at all.
They will continue to vote themselves benefits until the system falls apart. Appears this may be the beginning of that process.
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Too many are getting goodies from the sweat of others and over half don't pay federal income taxes at all.
They will continue to vote themselves benefits until the system falls apart. Appears this may be the beginning of that process.
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When did companies in the Fortune 400 get the right to vote?That was a perfect description of the Fortune 400
When did companies in the Fortune 400 get the right to vote?
The only way a company can vote is with their feet.
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Yeah, well there is that. Since ObamaCare went into effect, our USA affiliate spends a lot more on lobbying than on advertising. They also give their employees more bonus money as a reward for them being politically active and contributing to the right politicians.They vote by paying off politicians...
When did companies in the Fortune 400 get the right to vote?
The only way a company can vote is with their feet.
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The top 400 U.S. individual taxpayers got 1.59% of the nation’s household income in 2007, according to their tax returns, three times the slice they got in the 1990s, according to the Internal Revenue Service. They paid 2.05% of all individual income taxes in that year.
In its annual update of the taxes paid by the 400 best-off taxpayers, who aren’t identified, the IRS also said that only 220 of the top 400 were in the top marginal tax bracket. The 400 best-off taxpayers paid an average tax rate of 16.6%, lower than in any year since the IRS began making the reports in 1992
The top 400 households paid 16.6 percent of their income in federal individual income taxes in 2007, down from 30 percent in 1995. This decline works out to a tax cut of $46 million per filer in 2007, or a total of $18 billion in tax cuts for these households per year.
To make it into the top 400, a household needed an adjusted gross income of at least $35 million in 1992 (in 2007 dollars) and $139 million in 2007.
The decline in effective tax rates at the very top is due in large part to the capital gains tax cuts enacted in 1997 and 2003. The top marginal tax rate on capital gains is now 15 percent, less than half the top tax rate on wages and salaries. The top 400 taxpayers derived two-thirds of their income from capital gains and qualified dividends in 2007.
The horrible thing is, the worst time to cut spending is during a recession.
When did companies in the Fortune 400 get the right to vote?
The only way a company can vote is with their feet.
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We need to cut spending. America has a bad addiction with spending what is not there and increasing the size of government to become a bloated unnecessary bureaucracy. We need to cut spending, we need to shrink government, we need to reform social programs and the tax code.
Wow, 400 votes? Any politician would have to go after that block. :roll:The Fortune 500 is corps
The Fortune 400 is made of people!!! Aiyeeee!!!
A Look at the Tax Returns of the Top 400 Taxpayers - Real Time Economics - WSJ
Tax Rate for Richest 400 Taxpayers Plummeted in Recent Decades, Even as Their Pre-Tax Incomes Skyrocketed — Center on Budget and Policy Priorities
The 400 Richest Americans Pay An 18% Tax Rate - Robert Lenzner - StreetTalk - Forbes
Wow, 400 votes? Any politician would have to go after that block. :roll:
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No war for social security! No war for medicare!We need to retrench on American Imperialism. Sorry, but most of the economic problems in the US are directly or indirectly related to our middle eastern war efforts.
Wow, 400 votes? Any politician would have to go after that block. :roll:
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Given those 400 people have over 1/2 of the US wealth, you better believe you go after them.
400 Families Own Half of Americas Wealth – Part I « Path To Well-Being
Finally, someone at DP acknowledges this fundamental precept of economics. Cutting spending will cut jobs and cut tax revenues.
There is a danger in cutting too much too soon, according to Mark Zandi, chief economist at Moody's Analytics, who favors big spending cuts so long as they don't take effect for a few years.
"I wouldn't add to cuts this year or next, given the fragile economy," Zandi said. "There is already plenty of restraint on the books."
And with a $1,500,000,000,000 current annual spending deficit any thoughts on not cutting spending will result in?
(Hint: Moodys has already suggested a clue to the answer...)
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You are either confused as to the issue or are deliberately trying to further confusion on the issue: cutting spending is not the issue. What Moody's wants us to do first is to increase the debt ceiling for a reasonable duration immediately. This be done with NO strings attached. Then, with the US once again acknowledging its obligation, Moody's would also like to see, in the not too distant future, a plan to reduce the deficit. Cutting spending can be a part of the deficit reduction plan, but it doesn't have to be the only part.
The Republicans are the ones that have deliberately obfuscated the issue by making this look as if cutting expenditures was the issue.
Don't think there is any confusion on my part. In the next few days there will be an agreement in Washington and the debt ceiling will be raised.
And all indications are that in the coming months the credit rating of the U.S. will still get lowered. And the reason for the drop in rating is the out of control debt and continued deficit spending.
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Clinton was male, and the only president to get the budget in line with reality
A Moodys chief economist also said;
Doh! A bad time for spending cuts? - Jul. 11, 2011
Spending cuts could trigger a second recession. That would not only be worse than getting a credit downgrade, but would lead to one anyway.
Who controlled Congress back then? The Republicans?
Let's see,
Deficit = bad
Spending cuts = bad
Let me guess, the only solution are tax increases and closing, "loopholes"? :rofl
Niiiiiice spin on the facts.
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